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Industry
May 17, 2022
Wynn and MGM China Found Jointly Liable in Nine VIP Room Cases
The Court of Final Appeal in Macau has decided that MGM China and Wynn Macau share liability in nine cases related to lost deposits at VIP rooms. The nine cases were recorded at Dore Entertainment Co LTD’s VIP room and the former VIP room belonging to Sun City Gaming Promotions Co LTD located at an […]
Industry
May 17, 2022
Carolina Panthers’ Owner Invested in Las Vegas Sands and Wynn Resorts
David Tepper, the owner of the Carolina Panthers, expanded the equity portfolio of Appaloosa Management, his personal hedge fund. The NFL franchise owner invested in two gambling companies, namely Las Vegas Sands and Wynn Resorts. Appaloosa Expects the Share Prices to Go Up Tepper’s investments in Sands and Wynn Resorts were the only new equity […]
Casino
May 11, 2022
Wynn Macau Ltd Feels the Heat of Lockdowns and Missing VIPs
Wynn Macau Ltd will have to face the facts, and the facts are that the long-term revenue has been impacted by the spate of regulatory changes introduced in the special administrative region. While the company has been more than happy to comply with all existing regulatory prerequisites, the return to profitability will be a somewhat […]
Casino
May 10, 2022
Wynn’s UAE Casino Resort Consortium Hired HKS Architects
The consortium of Wynn Resorts, RAK Hospitality and Marjan selected HKS Architects as its design consultant for the integrated resort in the United Arab Emirates (UAE). Opportunities Spanning Far Beyond Tourism The luxury resort and casino that will be constructed in Ras Al Khaimah on the manmade island Al Marjan will be Wynn Resorts’ first […]
Business
May 4, 2022
Wynn Resorts to Renovate the Wynn Tower Suites in Las Vegas
Wynn Resorts, a famous American casino and resort corporation, has announced that it will put millions into the renovation of one of its signature hospitality locations – the Wynn Tower Suites on the Las Vegas Strip. The Wynn Tower Suites Are Being Renovated The corporation is currently working on the overhaul, hoping to have it […]
Casino
April 25, 2022
Wynn Macau Looks for Alternatives to Attract Customers Sourced by Junkets
Wynn Macau Ltd has stated that the VIP customers sourced by junket operators are still important to the company’s revenue. That is why the Macau concessionaire has stated that it must seek alternate options that will allow it to develop a solid relationship with them. Wynn Macau Confirmed Ceasing Operating Junket Rooms at the End […]
Business
February 16, 2022
Encore Boston Harbor the Latest to Become an REIT Property
Encore Boston Harbor is the latest gaming property to fall victim to the real estate investment trust (REIT) takeover. Wynn Resorts will sell the Massachusetts casino’s land and real property to Realty Income for $1.7 billion in cash. As is standard in REIT transactions, Wynn will continue to operate the property. Wynn Unloads Encore Real […]
Sports
February 14, 2022
Super Bowl LVI Ties the Knot Between Jackpocket and WynnBET
The Jackpocket lottery app and WynnBET, the digital sports betting brand of the global luxury hospitality company, Wynn Resorts, have revealed a new partnership on Sunday that has the two firms collaborating in the New York State market. The pair have already brought exclusive offers to the Empire State as per the official release, which […]
Industry
February 10, 2022
WynnBET Now Live in Nine after Launch in Louisiana
Online sports betting and casino gaming brand of Wynn Resorts International WynnBET announced today that its presence across US gaming jurisdictions has been expanded after the launch of operations in Louisiana. Operation Expansion Continues Following the launch in Louisiana, online casino players and sports bettors in the state can download the WynnBET mobile app or […]
Legal
February 10, 2022
Former Wynn Resorts Executive Found Guilty of Bribing and Fraud
Former Wynn Resorts executive has been sentenced to a year in prison on Wednesday after being convicted of bribing college officials to get his daughter to study at a top university. Gamal Abdelaziz, 64, was part of the massive college admissions scandal labeled “Varsity Blues.” Abdelaziz Paid $300,000 to Bribe College Officials Per details, Abdelaziz […]